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Sunday, December 3, 2023

Investing In Enterprise Products Partners L P (NYSE: EPD): Why Should You?

After Hours

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. After-hours trades for Enterprise Products Partners L P (EPD) shows that investor sentiment remained broken, with the stock’s consolidated last price falling by -$0.03, or -0.12%, to $25.86. The Enterprise Products Partners L P has recorded 513,941 volume in the after hours trading session. Yahoo Finance discussed the stock recently as it posted Enterprise Reports Results for Third Quarter 2023.

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Stocks Info

Enterprise Products Partners L P is listed on the NYSE in the Energy sector while operating in the Oil & Gas Midstream industry. At the end of the last regular session, the stock closed at $25.89 and fluctuated between $26.09 as its day high and $25.88 as its day low. The current market capitalization of Enterprise Products Partners L P is $56.23B. A total of 4.15 million shares were traded on the day, compared to an average of 4.27M shares.

Insider Activity

Insider trades are also considered as indicators of how a stock will perform in the future, in addition to stock predictions. During the recent three months, EPD has seen 0 BUY and 0 SELL insider trades, representing the acquisition of 0 and the disposition of 0 shares. Over the last 12 months, there were 46 BUYs and 33 SELLs from insiders. Insiders purchased 1,631,502 shares during that period but sold 595,060.

In the most recent transaction, Rutherford John R bought 10,000 shares of EPD for 25.96 per share on Nov 09. After the transaction, the Director now owns 137,423 company shares. In a previous transaction on Aug 04, Montgomery William C bought 50,000 shares at 26.60 per share. EPD shares that Director owns now total 114,758.

Among the insiders who bought shares, TEAGUE AJ acquired of 11,950 shares on Mar 20 at a per-share price of $25.15. This resulted in the Co-Chief Executive Officer holding 2,491,895 shares of EPD after the transaction. In another insider transaction, TEAGUE AJ bought 3,985 shares at $25.15 per share on Mar 20. Company shares held by the Co-Chief Executive Officer now total 70,731.


The reasons why investors prefer dividend-paying companies are that dividends generate immediate cash flow and indicate that the company will perform well in the future. Enterprise Products Partners L P pays an annual dividend of $2.00, resulting in a dividend yield of 7.72%, and it has a price to earnings (P/E) ratio of 10.56. EPD’s most recent ex-dividend date was 10/30/2023 when it declared a $0.50 quarterly dividend that was paid in cash on 11/14/2023. Previously, the company paid the dividend on 8/14/2023 with an ex-dividend date of 7/28/2023. The EPD stock dividend was $0.50 per share in cash.

Despite rarely being accurate, price targets can exert some form of influence at times, and are often regarded as valuable by markets. According to analysts who have offered 12-month price targets for EPD in the last 3 months, the mean price target is $31.75 with high estimates of $35.00 and low estimates of $28.00. In terms of 52-week highs and lows, EPD has a high of $27.95 and a low of $23.14.

As of this writing, EPD has an earnings estimate of $Air Products and Chemicals, Inc per share for the current quarter. EPS was calculated based on a consensus of Enterprise Products Partners L. estimates, with a high estimate of $Evolution Petroleum Corporation per share and a lower estimate of $Consolidated Edison, Inc.

Balance Sheet Annually/Quarterly

As well as showing the assets and liabilities of the company, the balance sheet also shows the amount invested in equity by investors. Investors can analyze a company’s future prospects by calculating its financial ratios based on this information. EPD’s latest balance sheet shows that the firm has $2.82B in Cash & Short Term Investments as of fiscal 2021. There were $29.87B in debt and $11.62B in liabilities at the time. Its Book Value Per Share was $12.41, while its Total Shareholder’s Equity was $26.44B.

Analysts Opinion

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for EPD is Buy with a score of 4.71.

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